Ryan Seacrest for 'Bank Of Hollywood'

E! has teamed up with Ryan Seacrest Productions for a new reality series titled Bank Of Hollywood.

The show will see a panel of celebrities take pitches from ordinary people who need cash. The pitches will range from poor students in need of money to those wishing to help various charities.

Seacrest commented: "The idea's simple. We are giving away tons of money to everyday people to alleviate the stress of today's climate and have fun."

E!'s Lisa Berger added: "This series is centered on the concept of innovative philanthropy. We're giving real people the opportunity to garner life-changing sums of money and, at the same time, fulfilling our judges' desire to make a difference in the lives of others - one person at a time.

"The panelists' big personalities and strong opinions, on top of requests that run the gamut from heartwarming to downright peculiar, are sure to keep things heated and always unpredictable."

The eight-part series premieres Monday, December 14 at 10pm.